Bullish Ripple (XRP) Will Reach $1 Shortly

Bullish Ripple (XRP) Will Reach $1 Shortly
  • Bullish Ripple (XRP) will soon reach $1.
  • RSI of XRP remains in the range of $63.
  • XRP transactions are confirmed within seconds

Ripple (XRP) is showing a bullish trend. XRP will soon hit $2 if traders choose XRP as the best investment.

According to CoinMarketCap, the current price of XRP is $0.7515 with a 24-hour trading volume of $2,796,16,392 at the time of writing. Ripple (XRP) has a circulating supply of 46.31B XRP coins. XRP holds the 6th pos2ition in the CoinMarketCap.

XRP Price Chart (Source: CoinMarketCap)

More so, the first resistance level is $0.77, next resistance level is $0.79 and $0.82. The support level is at $0.71, followed by $0.68 and $0.66. Currently, XRP is following the bullish pattern if it continues XRP price will also reach $1.

From the below chart, the Relative Strength Index (RSI) of XRP remains in the range of $63 so it indicates a nearly overbought state, therefore traders can trade fearlessly.

XRP RSI (Source: Tradingview)

Ripple is a private financial technology company that provides global payment solutions through its own payment network Ripple Network (also known as RippleNet). RippleNet is a payment network based on the Ripple consensus ledger, called XRP Ledger (also known as XRPL). Ripple funded the development of the open-source XRP ledger.

XRP is the native cryptocurrency for products developed by Ripple Labs. XRP transactions are confirmed within seconds and generally occur at very low costs. At present XRP trades in crypto exchanges such as Binance, OKEx, Tokocrypto, Bybit, and FTX.

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